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Iltani Resources Limited (ASX:ILT)

ALERT: Price-sensitive ASX Announcement for ILT
Current share price for ILT : $0.410 0.005 (1.23%)+
Announcement
Release
22 Apr 2026 9:11AM
Price at Release
$0.405
Full Release
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Summary
Iltani Resources Limited's quarterly report for the period ending March 31, 2026, highlights the company's exploration activities focused on the Herberton Project, particularly the Orient Silver-Indium Project. Fieldwork was largely paused due to the wet season but resumed in March for upcoming drilling operations. Significant assay results from drill holes in the 'Link Zone' suggest promising mineralization. The company plans extensive drilling in 2026, aiming to further define resources and test new targets. Financially, Iltani ended the quarter with a cash balance of $8.14 million, having used $152,000 in operating activities and $619,000 in exploration. Corporate developments included the sale of non-core tenements and related party payments.
Key Points
  • Exploration activities focused on the Herberton Project in Northern Queensland, particularly the Orient Silver-Indium Project.
  • Field activities were paused for most of the quarter due to the wet season, but resumed in March with preparations for the upcoming field season.
  • Assay results for drill holes ORR138 to ORR140 in the 'Link Zone' showed high-grade mineralization potential.
  • Preparation for a significant increase in drilling activities in the 2026 exploration season at the Orient Project.
  • A cash balance of $8.14 million was recorded at the end of the quarter.
  • Net cash used in operating activities was $152,000, with $619,000 spent on exploration and evaluation.
  • The company plans to drill 115 RC holes totaling 16,000 meters at the Orient Project starting in April 2026.
  • Environmental and permitting work for the Orient Project included geochemical and groundwater studies.
  • Corporate updates included the sale of non-core tenements and payments to related parties.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.